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REGISTERED NUMBER: SC104854 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Tricore Limited

Tricore Limited (Registered number: SC104854)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tricore Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Mr W K Bowie
Mr W W Hay





REGISTERED OFFICE: Woodburn Road
Blackburn Industrial Estate
Kinellar
Aberdeen
AB21 0RX





REGISTERED NUMBER: SC104854 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Tricore Limited (Registered number: SC104854)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 92,945 96,503

CURRENT ASSETS
Stocks 464,142 425,215
Debtors 5 227,628 326,037
Cash at bank and in hand 373,342 371,786
1,065,112 1,123,038
CREDITORS
Amounts falling due within one year 6 126,351 201,874
NET CURRENT ASSETS 938,761 921,164
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,031,706

1,017,667

PROVISIONS FOR LIABILITIES 12,920 10,818
NET ASSETS 1,018,786 1,006,849

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 918,786 906,849
1,018,786 1,006,849

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Tricore Limited (Registered number: SC104854)

Balance Sheet - continued
30 September 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by:





Mr W W Hay - Director


Tricore Limited (Registered number: SC104854)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Tricore Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Rental drill bits - at varying rates on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

Tricore Limited (Registered number: SC104854)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Rental Fixtures
drill Plant and and
bits machinery fittings
£    £    £   
COST
At 1 October 2022 256,569 33,765 650
Additions 1,423 4,465 -
Disposals (6,691 ) - -
At 30 September 2023 251,301 38,230 650
DEPRECIATION
At 1 October 2022 175,429 26,265 650
Charge for year 636 4,912 -
Eliminated on disposal (4,791 ) - -
At 30 September 2023 171,274 31,177 650
NET BOOK VALUE
At 30 September 2023 80,027 7,053 -
At 30 September 2022 81,140 7,500 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2022 31,653 13,912 336,549
Additions - - 5,888
Disposals - (1,068 ) (7,759 )
At 30 September 2023 31,653 12,844 334,678
DEPRECIATION
At 1 October 2022 23,833 13,869 240,046
Charge for year 1,955 43 7,546
Eliminated on disposal - (1,068 ) (5,859 )
At 30 September 2023 25,788 12,844 241,733
NET BOOK VALUE
At 30 September 2023 5,865 - 92,945
At 30 September 2022 7,820 43 96,503

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 213,657 313,405
Other debtors 13,971 12,632
227,628 326,037

Tricore Limited (Registered number: SC104854)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 74,034 143,625
Taxation and social security 47,353 54,455
Other creditors 4,964 3,794
126,351 201,874

7. ULTIMATE CONTROLLING PARTY

The controlling party is the shareholders.